Subscribe to RSS feedHutchison is upbeat despite lower result
by
Mike Grinter, Hong Kong
—
last modified
Aug 20, 2009 03:52 PM
THE GLOBAL recession has started to ease but a global recovery is not yet a certainty, according to Hong Kong ports giant Hutchison Whampoa chairman Li Ka-shing.
The conglomerate’s ports division, Hutchison Port Holdings, revealed last week just how badly it had been hit by the downturn in the global economy after announcing a 35% drop in net profits.
According to the first-half results, the division...
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